Flowserve

Cost Accountant

Budapest, Hungary Full time

Role summary:

This role is responsible for ensuring full compliance with Flowserve policies, US GAAP, SOX requirements, and local statutory regulations while upholding the company’s Code of Business Conduct. The position executes monthly close and reporting activities, ensuring accurate, complete, and timely financial data submission in line with corporate deadlines. Key responsibilities include cost and margin analysis, standard cost roll processes, valuation adjustments, project reviews, and preparation of supplemental and site analytics reports. The role works closely with finance business partners to support forecasting, variance analysis, and continuous process improvement initiatives. In addition, the position contributes to and leads finance-related projects, proactively identifies issues, and supports business needs in a dynamic manufacturing environment.

Your role:

  • Ensure compliance with Flowserve policies, US GAAP, SOX and local statutory laws and regulations and that business is conducted within Flowserve ethical Code of Business Conduct.

  • Execute the monthly closing and reporting procedures for the assigned reporting units.

  • Quality and timeliness of accounting and reporting, ensuring all financial data are accurate, complete and submitted in accordance with Flowserve’s timetable

  • Prepare project review summary including process to signoff orders.

  • Perform Sales and margin analysis, monitors and analyzes manufacturing variances

  • Perform Standard Cost Roll process annually.

  • Determination and review of sales or production-related valuation adjustments (penalties, warranty costs, inventory write-offs, slow and obsolete stock etc.)

  • Identifies and proposes possible improvements

  • Complete monthly Supplemental Reports

  • Closely work with finance business partners and assist in creating forecasts and deviation analyses

  • Quarterly Site Analytics template preparation

  • Participate and lead projects as required

  • Other responsibilities or tasks that are within your skills and abilities, whenever reasonably instructed. The business reserves the right to make reasonable adjustments in line with business requirements.

Your profile:

  • Bachelor’s degree in accounting/finance or related major

  • At least 3 years of experience in cost accounting, preferably in a manufacturing environment

  • Systems knowledge: Oracle, BPC, SAP will be beneficial and preferred

  • Knowledge of SOX / US GAAP preferred

  • Intermediate Excel skills

  • Clear and concise communications skills

  • Ability to challenge the norm and look for better solutions/processes

  • Strong analytical skills and experience

  • Ability to prioritize and handle multiple tasks in a rapidly changing environment

  • Ability to work independently to resolve a wide variety of complex financial accounting problems

  • Good communication skills, written and oral

  • Attention to detail

  • Establish and maintain effective work relationships with stakeholders

  • Proactively recognize and resolve issues

What we offer you:

  • Friendly multicultural environment and team events

  • Life, accident and health insurance

  • Cafeteria Package

  • Career development and training opportunity

  • Opportunity for hybrid work

f this sounds like you and you are interested in a growth mindset role with a global leader in the fluid control industry, then click APPLY with your English CV and one of our Talent Acquisition team with get in touch with you very soon.